Cinemark Buys Century Theatres
Another giant merger between two chains will further conglomerate the theater playing field:
The Plano, Texas-based Cinemark USA theater chain is acquiring Century Theatres, based in San Rafael, Calif.
The two circuits announced Tuesday that they have entered into a purchase agreement under which Cinemark will acquire all of the outstanding stock of Century for a combination of cash and stock of Cinemark’s parent company.
For more, read the Full Story in the Hollywood Reporter.